revolving credit

American  

noun

1. credit automatically available up to a predetermined limit while payments are periodically made.

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revolving credit British  

noun

1. a letter of credit for a fixed sum, specifying that the beneficiary may make repeated use of the credit provided that the fixed sum is never exceeded

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Etymology

Origin of revolving credit

First recorded in 1915–20

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Example Sentences

See Examples For:

revolving credit

On Sept. 29, it arranged $30 billion in credit facilities, replacing a $5 billion revolving credit line, which works much like a corporate credit card.

From MarketWatch ● Oct. 8, 2026

It takes United's overall debt to £1.15bn, made up of the historic debt, which now stands at £578m, the £200m outstanding on its revolving credit facility, and £375m in outstanding transfer fees.

From BBC ● Sep. 24, 2026

Nehls only disclosed a handful of bank accounts, stock and a mutual fund — all worth less than $15,000, while listing liabilities in the form of revolving credit from three credit card companies.

From Salon ● Jul. 24, 2026

The company had to draw $2.15 billion from its revolving credit facility to pay Netflix a $2.8-billion termination fee that Warner Bros.

From Los Angeles Times ● May 4, 2026

The lenders that back Spirit’s revolving credit line objected earlier this month to the company’s bankruptcy exit plan, saying it might not work if fuel prices remain high.

From The Wall Street Journal ● Apr. 20, 2026

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